The Bank of England (BoE) has cut interest rates further amid the Covid-19 crisis. At a special meeting yesterday, the Monetary Policy Committee (MPC) unanimously voted to cut interest rates from 0.25% to 0.1% and to increase holdings of UK government and corporate bonds by £200bn. The BoE, which has just appointed Andrew Bailey as its new governor, said the …
BoE slashes interest rate to 0.25%
In a bid to shore up the economy the Bank of England has cut interest rates back to their lowest ever level, 0.25% from 0.75%. The MPC (Monetary Policy Committee) voted unanimously to slash the bank rate at an unscheduled meeting, which ended yesterday. The rate cut is part of a ‘package of measures to help UK businesses and households …
Bank of England hold interest rate at 0.25%
Bank of England hold interest rate in September. The Bank of England have left UK interest rates unchanged this month after promising economic data. After cutting interest rates to a new record low last month, the Bank of England’s Monetary Policy Committee decided unanimously to hold interest rates at 0.25%. This policy move follows recent data which suggests the economy …